CHFHUF Head and Shoulders Forming at Major Resistance?
Updated
On the 1hr chart it looks like CHFHUF is forming a Head and Shoulder pattern, what would confirm a reversal at the resistance shown on the right daily chart .
A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup.
Thanks for reading and feedback is welcome!
Wesley
A strong resistance on the right daily is tested with the head of this potentially H&S .
The combination of these makes this a great R:R trade to try, even if this is not forming an H&S there is still this strong resistance for backup.
Thanks for reading and feedback is welcome!
Wesley
Note
Back at a point that became a support for the shorter term.The H&S idea is out, a double top is possible but then we are at the support at the moment.
Note
I’m using a trailing stop for now.Stop to entry is also possible.
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